When is the best time to remortgage?
The best time to remortgage is 3 months before your current deal is due to expire. Within these last 3 months your lender will normally allow you to change products and rates without costing you any Early Repayment Charges or fees, especially if you are staying with them.
If you are remortgaging to another lender or raising money for whatever reason, 3 months is good enough time to find a better deal and complete before your fixed/discounted period ends and you move to the lenders standard variable rate (SVR) which is more expensive. The new lender’s mortgage offer will last up to 6 months so the earlier you start the more time on your side. Once you check what rates are available to you, use the remortgage calculator to see how much you can save when you change rates.
Six Reasons to Remortgage
There are several reasons that people look to remortgage, and these reasons will naturally then affect which remortgage deals are appealing
Use a remortgage calculator to see how much you can reduce your monthly payments.